## **KAIROS
NETWORK
CHURCH:
CHAIRMAN’S
REPORT
for
AGM
–
October
11[th] 2020**
The
last
12
months
have
been
a
time
of
trauma
and
disruption
for
our
world,
our
nation
and
for Kairos
Network
Church.
In
the
midst
of
this
crisis
we
have
sensed
the
grace
of
God,
the
presence
of Jesus
and
the
empowering
of
the
Holy
Spirit
-‐
often
in
unpredictable
and
unexpected
ways.
God
has remained
faithful
in
the
most
uncertain
of
times.
The
ethos
and
values
of
Kairos
have
equipped
the communities
and
the
gathering
to
adapt
to
life
under
lockdown.
During
the
year
the
Trustees
have
met
regularly
–
working
alongside
the
Vision
Team
and
the Network
Team
–
to
attend
to
some
of
the
unglamorous
but
necessary
things
that
must
be addressed
if
we
are
to
live
out
our
calling.
The
business
we
have
handled
has
been
largely determined
by
the
responsibilities
outlined
in
the
Bishops
Mission
Order; _Trustees
have
the responsibility
for
managing
Kairos
finances
including
assets
such
as
Westcliff
Hall
and
the
offices. They
are
also
responsible
as
employers
for
members
of
staff
and
they
are
required
to
ensure
that the
Trust
complies
with
regulations
concerning
health
and
safety,
data
protection
and
equal opportunities.
Trustees
are
also
charged
with
ensuring
adherence
to
employment
and
charity
law. They
are
accountable
to
HMRC,
the
church
leadership
and
the
members.
._
One
of
the
particular
ways
in
which
we
have
sensed
God’s
grace
in
the
last
year
is
in
the
provision of
human
resources.
It
has
been
good
to
welcome
new
households
into
the
Kairos
community
and to
see
a
number
of
existing
members
step
up
into
new
roles
of
leadership
and
responsibility.
The arrival
of
two
Interns
and
the
prospect
of
the
appointment
of
a
Children’s
Mission
Leader
is
a further
encouragement.
God
has
also
provided
financial
resources.
It
has
been
most
heartening
to see
a
spirit
of
generosity
among
members
of
Kairos
which
is
evident
in
the
annual
accounts
and vital
to
our
life
and
witness.
The
Covid-‐19
pandemic
is
still
with
us
and
in
the
coming
months
we
will
continue
to
face
challenges caused
by
virus.
The
last
twelve
months
give
us
good
grounds
for
continuing
to
trust
that
God
will provide
for
our
needs
as
we
remain
obedient
to
his
call
and
reliant
on
his
grace.
The
Bishop’s
Mission
Order
(the
legal
authorisation
by
which
Kairos
takes
its
place
within
the Church
of
England)
is
due
to
be
reviewed
in
2021.
This
is
an
important
moment
for
us
and
will determine
the
future
shape
of
our
life
and
mission
beyond
next
year.
Over
the
last
5
years
we
have been
working
towards
becoming
a
sustainable,
ongoing
Christian
presence
in
the
town,
deanery and
diocese.
A
key
element
in
this
has
been
our
movement
towards
a
significant
degree
of
financial sustainability.
Please
join
me
in
praying
regularly
for
our
Bishop’s
Visitor,
the
Ven
David
Bailey,
who
will
undertake the
Review
and
for
the
Bishop
of
Leeds
who
has
the
responsibility
of
making
decisions
in
the
light
of the
findings.
I
don’t
think
we
should
fear
this
process
–
rather
we
should
see
it
as
part
of
God’s gracious
guidance.
We
must
trust
ourselves
to
the
process
and
leave
the
outcome
in
God’s
hands.
Mindful
of
their
responsibility
for
the
fabric
of
Westcliff
Hall,
the
Trustees
have
initiated
the practice
of
undertaking
5
yearly
building
surveys.
The
first
of
these
surveys
has
taken
place
and revealed
that
the
building
is
generally
in
good
order.
In
December
we
expect
to
hear
the
outcome of
our
grant
application
for
funds
to
replace
the
front
doors
and
to
redecorate
the
entrance
lobby. Meanwhile,
we
are
most
grateful
to
the
Interns
for
decorating
the
accessible
WC.
In
the
coming
months,
Trustees
will
be
reflecting
on
the
development
of
the
Hall
and
improving
the
facilities.
In
addition
to
a
commitment
to
review
and
(where
necessary)
update
Kairos
Safeguarding,
Equal Opportunities,
Health
and
Safety
and
Risk
Assessment
policies,
Trustees
are
planning
to
produce an
Ethical
Policy
in
the
coming
year.
The
latter
should
help
us
in
future
decision
making
about
hall lettings.
The
Trustees
acknowledge
the
many
ways
in
which
members
of
Kairos
exercise
their
Christian discipleship
in
their
homes,
neighbourhoods
and
work
places.
We
are
especially
grateful
to
Rachel Wilkinson
for
her
operations
management
work
–
made
all
the
more
complex
by
Covid19.
Trustees have
recently
authorised
the
purchase
of
Churchsuite
–
an
online
administrative
resource
which
we trust
will
support
her
in
this
role.
Trustees
also
acknowledge
their
particular
gratitude
to
Philip Doyne
for
his
work
as
Treasurer
and
to
Ben
Askew
for
his
pioneering
leadership.
As
we
give
thanks
to
God
for
his
sustaining
presence
in
the
last
eighteen
months
we
trust
him
for his
continuing
guidance.
May
we
allow
nothing
to
deflect
us
from
fulfilling
the
mission
he
has
given to
us
to _Love
God,
Build
Community,
and
Share
Jesus_ ”
Ven
Paul
Hooper.
Chair
of
Trustees
October
2020
**Charity registration number 1146138 Company registered number 07519541 (England & Wales)**
**KAIROS NETWORK CHURCH TRUSTEES REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **KAIROS NETWORK CHURCH**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Rev B Askew Ven P D Hooper Mrs R C Wilkinson Ms A S Austin Mr D Rosser Mr J Rowe Mr C Watson **Secretary** Mrs R C Wilkinson **Charity number** 1146138 **Company number** 07519541 **Registered office** 2 Harlow Terrace Harrogate North Yorkshire HG2 0PN **Independent examiner** Thompsons Chartered Accountants 7 Princes Square Harrogate North Yorkshire HG1 1ND
1
## **KAIROS NETWORK CHURCH**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees report|3 - 5|
|Independent examiner's report|6|
|Statement of financial activities|7|
|Balance sheet|8|
|Notes to the accounts|9 - 10|
2
## **KAIROS NETWORK CHURCH**
## **TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2021**
The trustees present their annual report together with the unaudited financial statements for the year ended 31 December 2021.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015).
## **Structure governance and management :**
The charity operates as a company limited by guarantee. The principal activity of the company continued to be to advance the Christian Faith for the public benefit.
The trustees, who are also directors for the purposes of company law, and who served during the financial year were:
Rev B Askew Ven P D Hooper Mrs R C Wilkinson Ms A S Austin Mr D Rosser Mr J Rowe Mr C Watson
The directors of the company are also trustees for the purposes of charity law and, under the company’s articles, are known as members of the management committee.
Under the requirements of the memorandum of articles of association the members of the management committee are elected and / or re-elected at the annual general meeting.
One of the trustees, Mrs R C Wilkinson, receives reasonable and proper remuneration for services provided to the charity. None of the other trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1.00 in the event of a winding up of the company.
## **Organisational structure :**
The charity has a management committee of up to 6 members who meet at regular intervals and are responsible for the strategic direction and policy of the charity.
The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.
3
## **KAIROS NETWORK CHURCH**
## **TRUSTEES REPORT CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2021**
## **Achievements and performance**
During this abnormal year the charity has been able to continue to fulfil its objectives, in many cases in ways that were significantly different from the past. The flexibility and determination of the leadership and the Kairos communities have enabled the charity to continue to pursue its objectives in this challenging time. The main achievements were as follows:-
1) The charity continued to find creative ways of maintaining the communities and keeping members connected during the challenges of lock-down delivering significant benefits for their mental wellbeing.
2) The charity navigated the complex process of changing restrictions as the lockdown measures were lifted and succeeded in re-introducing in-person activities which were accessible while also strictly adhering to the law and guidance on public safety. This was a great relief particularly to the elderly, those feeling isolated and families.
3) The charity appointed and started a dedicated Children and Families Mission Leader with responsibility for developing
activities to promote the wellbeing of children and families both within the Kairos communities and more widely. This work has already started and is much needed support in the form of sessions for parents and toddlers and sessions specifically aimed at the wellbeing of parents, where children are looked after allowing carers to have their own, albeit brief, respite.
4) The charity has once again been able to make the Westcliffe Hall available to several local community groups which provide a wide variety of activities and services, which of course add to the benefit to the wider public outside the core Kairos community.
5) One of the Kairos communities launched a new initiative called Forest Church which explores worship in the context of the natural world. This has taken place monthly in a clearing in the Pinewoods and has attracted a significant following including many previously unconnected with Kairos.
6) Another established Kairos community, Resurrection Bikes, successfully adapted their procedures to allow them to operate safely under restrictions thus continuing to refurbish and sell donated bicycles providing significant benefit both to the teams that meet to refurbish the bikes and to the customers who purchase good safe bikes for both adults and children at reasonable prices. They also operated a service giving free bikes to key workers. An overall benefit is to the charities and their beneficiaries that are supported by this work. In the current year 667 refurbished bikes were sold generating over £50,000 towards this.
7) The charity was invited by the Diocese of Leeds to receive a curate for training. The trustees feel that this is an affirmation of the leadership and the opportunities and experience that Kairos can offer with the charity's wide range of activities and emphases on fresh expressions of church and reaching out to the wider public.
4
## **KAIROS NETWORK CHURCH**
## **TRUSTEES REPORT CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2021**
## **Purposes of the charity set out in its governing document**
The purposes of Kairos Network Church are set out in a Bishop’s Mission Order made by the Bishop of Leeds under part 7 of the Mission and Pastoral Measure 2011 and are as follows:
1) To develop an extra-parochial mission-focussed Christian network which shall operate across the Harrogate Deanery. It will provide appropriate forms of Christian worship and teaching to people who do not belong to any church and to help enquirers to become members of the Christian faith.
2) It will establish Mission-Shaped and mid-sized communities which will meet as groups with the intention of mission activity, mutual support and teaching.
3) It will establish a mature and responsible lay Christian leadership within an Anglican ethos.
## **Main activities undertaken to further the charity’s purposes and for the public benefit**
The main activities of the charity in support of the above objectives and the public benefit requirement are: 1) Development of mid-sized communities each with a different emphasis designed to appeal to different types of people and interests
2) Running collective worship services for the communities which are accessible and of interest to all ages and which welcome all.
3) Children and Families activities for ages ranging from parent and toddler to teenager. These are designed for members of the local community as well as active members of the Kairos Network Church communities.
- 4) Arranging highly accessible events around key festivals such as Christmas and Easter.
5) All activities are designed to be attractive to the wider public in support of the mission purpose as well as the public benefit requirement.
## **Statement confirming the trustees have had regard to the Charity Commission’s guidance on public benefit.**
The trustees have received the Charity Commissions guidance on Public Benefit in the form of documents PB1, PB2 and PB3 and have confirmed that they have regard for it.
## **Financial review**
At the beginning of the year the trustees agreed to earmark £7,000 of reserves to support the start-up of the employment of the Children and Families Mission Leader. After taking this into account there was a small deficit of £658 on a turnover of £118,546 on the operating fund.
## **Reserves policy**
The trustees have a policy that the charity should aim to maintain unrestricted reserves amounting to the value of three months unrestricted expenditure. The current reserve balance is just over this target. The charity does benefit from a high proportion of committed recurring giving from members which also strengthens the financial position.
## **Going concern**
There are no uncertainties about the charity’s ability to continue as a going concern.
## **Material fund deficits**
There are no funds or subsidiary undertakings that are materially in deficit.
On behalf of the board of trustees :
….....................................
## **Rev B Askew**
Trustee Date: …............................
5
## **KAIROS NETWORK CHURCH**
## **Independent examiner’s report to the Trustees of Kairos Network Church**
We report on the accounts of the charity and accompanying notes, which are set out on pages 7 to 10 for the year ended 31 December 2021.
## **Respective responsibilities of the trustees and examiner**
The trustees who are also the directors of Kairos Network Church for the purposes of company law are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 and that an independent examination is needed.
Having satisfied ourselves that the charity is not subject to audit under company law and is eligible for independent examination it is our responsibility to :
1) examine the account under section 145 of the 2001 act;
2) to follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the 2011 act; and
3) to state whether particular matters have come to our attention.
## **Basis of independent examiner’s report**
Our examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
In the course of our examination, no matter has come to our attention which gives us reasonable cause to believe that in any material respect the requirements :
(i) to keep accounting records in accordance with section 386 of the Companies Act 2006; and
(ii) to prepare accounts which accord with the accounting records, comply with the accounting requirements of 36 of the Companies Act 2006 and with the methods and principle of the Statement of Recommended Practice : Charities Act 2011 Accounting and Reporting by Charities;
to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Thompsons Chartered Accountants 7 Princes Square Harrogate HG1 1ND
Date: …............................
6
## **KAIROS NETWORK CHURCH**
## **Statement of Financial Activities including Income and Expenditure Account FOR THE YEAR ENDED 31 DECEMBER 2021**
|**Incoming resources from generated funds**
Regular giving
Other giving
Gift aid received
Rental income from Westcliffe Hall
Other income
Interest received
**Total incoming resources**
**Resources expended**
**Charitable activities :**
Contributions to diocese
Away giving
Resource base expenditure
Ministry and communities
Children and youth ministry
Network ministry
Training and conferences
**Governance costs**
Westcliffe Hall - power, water insurance and repairs
Office and administration costs
Independent examiners fees
**Total resources expended**
**Surplus of Income over Expenditure**
Deficit of expenditure over Income
Transfers between funds
**Fund balances at start of period**
**Fund balances at end of period**|**Unrestricted Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**2021**
**2020**
**£**
**£**
**£**
**£**
81,845
-
81,845
75,276
10,268
-
10,268
14,045
15,838
-
15,838
16,282
13,218
-
13,218
6,242
692
56,803
57,495
69,154
26
-
26
15|
|---|---|
||121,887
56,803
178,690
181,014|
||54,000
-
54,000
48,000
11,854
53,008
64,862
66,788
15,275
-
15,275
13,567
8,768
5,597
14,365
12,993
11,708
-
11,708
1,067
-
-
-
(1,222)
871
-
871
1,302|
||102,477
58,606
161,082
142,495|
||18,585
-
18,585
11,520
6,651
-
6,651
5,704
480
-
480
584|
||25,716
-
25,716
17,808|
|||
||128,192
58,606
186,798
160,303|
||-
-
-
20,711
(6,305)
(1,803)
(8,108)
-
-
-
-
-
372,956
19,161
392,116
371,405
366,650
17,358
384,008
392,116|
The statement of financial activities also complies with the requirements for an Income and Expenditure account under the Companies Act 2006.
7
## **KAIROS NETWORK CHURCH**
## **Balance Sheet as at 31 December 2021**
|**Balance Sheet**
**as at 31 December 2021**||||||||||
|---|---|---|---|---|---|---|---|---|---|
||Note|||||||||
||||||**2021**||||**2020**|
|||£||£||£||£||
|**Fixed assets**||||||||||
|Tangible assets|4||||337,294||||337,294|
|**Current assets**||||||||||
|Amounts receivable|||2,871||||4,787|||
|Cash at bank and in hand|||55,830||||60,257|||
||||58,701||||65,045|||
|**Creditors - amounts falling due within one year**|5||(11,987)||||(10,223)|||
|**Net current assets**|||||46,714||||54,822|
|||||||||||
|**Total assets less current liabilities**|||||384,008||||392,116|
|**Income funds**||||||||||
|Unrestricted funds|||||366,650||||372,956|
|Restricted funds : Step-up fund|||||7,612||||7,708|
|Restricted funds : Resurrection Bikes fund|||||9,746||||11,452|
|**Total Funds**|||||384,008||||392,116|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006,
No member of the company has deposited a notice, pursuant to section 476, requiring an audit for these accounts.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its incoming resources and application of resources, including its income and expenditure for the financial period in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company. These accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
The accounts were approved by the board on: …..................................
…...............................................
**Rev B Askew** Trustee
Company registered number 07519541 (England & Wales)
8
## **KAIROS NETWORK CHURCH**
## **Notes to the Accounts FOR THE YEAR ENDED 31 DECEMBER 2021**
## **1 : Accounting policies : Company information:**
Kairos Network Church is a private company limited by guarantee incorporated in England and Wales. The registered office is 2 Harlow Terrace, Harrogate, HG2 0PN
## **1.1 : Basis of preparation**
The accounts have been prepared under the historical cost convention and have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice (Accounting and Reporting by Charities) issued in March 2005 and the Companies Act 2006.
## **1.2 : Tangible fixed assets and depreciation**
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows :
|Freehold land:|- Not depreciated|
|---|---|
|Freehold buildings:|- Not depreciated|
## **2 : Trustees**
One of the trustees, Mrs R C Wilkinson, received reasonable and proper remuneration for services provided to the charity. None of the other trustees (or any persons connected with them) received any remuneration during the accounting period. Normal out of pocket expenses were reimbursed as required and have been verified by the trustees.
|**3 : Employees**|**2021**|**2020**|
|---|---|---|
|The average monthly number of employees during the period was|1|1|
|Costs of wages and salaries|15,219|12,915|
|There were no employees whose annual remuneration was £80,000 or more.|||
9
## **KAIROS NETWORK CHURCH**
## **Notes to the Accounts FOR THE YEAR ENDED 31 DECEMBER 2021**
|**4 : Tangible fixed assets**
**Cost :**
As at 1 January 2021
Additions
Disposals
**As at 31 December 2021**
**Depreciation :**
As at 1 January 2021
Charged during period
**As at 31 December 2021**
**Net book values :**
**As at 1 January 2021**
**As at 31 December 2021**
**5 : Creditors : amounts falling due within one year :**
Independent examiner's fee
Away giving
Administrative expenses
VAT
PAYE / NIC payable
Salaries
Accruals|**Land and**
**buildings**
**£**
337,294
-
-
337,294
-
-
-
337,294
337,294
**2021**
500
9,816
-
(64)
207
328
1,200
11,987|**Total**
**£**
337,294
-
-|
|---|---|---|
|||337,294|
|||-
-
-|
|||337,294|
||||
|||337,294|
|||**2020**
500
7,509
-
8
55
395
1,756|
|||10,223|
10
## Kairos Network Church
AGM 3 April 2022 TREASURER’S REPORT
_**Our accounting process:**_ We have to produce “Statutory Accounts” and you have a copy in the PDF file called **“Kairos Statutory Accounts – Dec 2021”.** These get sent to Companies House and the Charities Commission. Because we hold and manage funds for different activities some money that is technically ours is held on behalf of others, so this does not really help us understand what is happening. So, whilst you are welcome to study these and ask questions, I am going to show you a more appropriate and easier to understand view…
In order to explain the “core” Kairos funding situation we prepare a simplified report which shows just the income and expenditure that is really Kairos money. This report is in the file **“Kairos Overview Accounts – Dec 2021”.** Hopefully, it is a simpler document.
As we did last year we are going to look at: ➢ what we said about this year at the AGM last year ➢ how it panned out ➢ what we are budgeted for 2022.
WHAT WE SAID ABOUT 2021
at last years AGM
## _**THIS IS WHAT WE SAID ABOUT 2021 last year:**_
_‘We have created a budget that anticipates growth in line with what we believe God is leading us into. This also enables us to maintain and increase our giving to mission’._
The budget therefore includes the following major elements:
- Our contribution to the Diocese will again increase by £6,000. (Excitingly, we are now getting very close to our sustainability target)
- Welcome Mandy! We will have our Children and Families Mission Leader on board from 1 April.
- We have some larger essential maintenance (£3,000) and, although we do have grant funding towards the new doors, there is a cost to us (£1,000)
- Other running costs inevitably are set to increase
- OVERALL, with the budgeted income that we are confident about, and the expenditure needed to support where God is leading us, we will need find and extra £21,000 this year in order to fund this plan. _**BUT - before you fall off your chair .....**_
## _**We have some plans for funding ….**_
- We have in the bank, £13,500 that originated from a legacy and was loaned to Green Pastures which has now been returned. This money was originally designated as a ” Mission Seed Fund” and the trustees have decided to use £7,000 towards the cost of the first year of the Children and Families Mission Leader.
- We also have £11,000 (round numbers) which we have preserved from the gift day last year.
- This means we can see where £18,000 of our £21,000 is coming from.
- **This would however reduce our reserves to below the levels recommended by the Diocese and the Charity Commission**
- **In order to maintain the level of reserves we would need an increase of income of £11,000 during this year to assuming no other surprises.**
## _**Responsible stewardship for 2021 ….**_
_**We need to continue to be both bold and prudent. Therefore, we must think about next year now as well.**_
_**The Trustees are very aware of, and grateful for the generous and sacrificial giving among members of the Kairos family and everybody’s commitment to our task in hand.**_
_**Last year we not only saw generous one off giving but also generous addition to existing regular giving, and an increase in our numbers of regular givers.**_
_**The trustees and leadership remain confident that pursuing this policy of mission and growth will bring with it a groundswell of financial generosity, as well as a blessing on our “tent making” activities in the Hall and Resurrection Bikes.**_
So how did it pan out?
## **Here is the magic £21,000 “faith target” figure in the budget …**
## **In the end income was below this budget by ONLY £6,802 (not £21,000!)**
**This was because of a generous increase in recurring income …**
. and also, generous one off giving of £7,521 ...
OVERVIEW FINANCIAL REPORT
fr•rthe 12 month perlod Jan41 to Dec41
KAIROS OPERATING FUND
Income
Away Giving Zesource Basi
Ministry
Surplus I
Dèflelt
64.095
15,838
17,750
13,218
Budget
Variance
Regular Giving
Gift Aid
Res Bikes
Income from Hall
Recurring Income
Mission Giving
One off and other
COO Fundin
GROSS INCOME
Less.. Awa
64.095
15.838
17,750
13.218
110,901
7,521
63.500
14,605
15,000
12,000
105.105
1,000
595
1,233
2,750
1,218
5,796
(13,4791
INCOME
7,521
118.422
118.422
11,730
106,692
126.105
12,611
113,495
(7,6831
880
Givin
11,730
(11,730)
NET INCOME FOR OPERATIONS
118A22
(6.802)
Diocesan Contribution
Other resource base costs
Resource Base Costs
Gathering and communities
Kidslyouth
Alpha and Training
Netsvork
Minisl Costs
Transfer to Maintenance Reserve
54,000
39,448
54.000
39.448
54,000
41,803
Network Team
2.355
2,355
(4.0841
559
861
390
3.054
6,534
11,441
1,139
110
6.534
11.441
1.139
110
2.450
12.000
2.000
500
MINISTRY
Maintenance Reserve
TOTAL COSTS
2.004
2,004
114N56
2,000
113,753
95,452
19,004
(695)
OPERATING SURPLUSIDEFICIT
118N22
(11.730)
(95A52) (19,004)
{7,764)
7,106
(658)
{259}
(7,506)
7,106
(400)
Support from Reserves
Transfer from Mission re CFML
NET SURPUSIDEFICIT
{259}
OK – So we have made a big dent in the £21,000 with increased income, albeit a good chunk is one off giving and not recurring income. So, can we further help the situation by managing our costs.
**We made a good job of budgeting costs. We were £695 over on £113k…**
So, our overall operating deficit was- £7,764
OVERVIEW FINANCIAL REPORT
fr•rthe 12 month perlod Jan41 to Dec41
KAIROS OPERATING FUND
Income
Away Giving Zesource Basi
Ministry
Surplus I
Dèflelt
64.095
15,838
17,750
13,218
110.901
7,521
Budget
Variance
Regular Giving
Gift Aid
Res Bikes
Income from Hall
Recurring Income
Mission Giving
One off and other
COO Fundin
GROSS INCOME
Less.. Awa
64.095
15.838
17,750
13.218
110,901
7,521
63.500
14,605
15,000
12,000
105.105
21,000
595
1,233
2,750
1,218
5,796
(13,4791
INCOME
118.422
118.422
11,730
106,692
126.105
12,611
113,495
(7,6831
880
Givin
11,730
(11,730)
NET INCOME FOR OPERATIONS
118A22
(6.802)
Diocesan Contribution
Other resource base costs
Resource Base Costs
Gathering and communities
Kidslyouth
Alpha and Training
Netsvork
Minisl Costs
Transfer to Maintenance Reserve
54,000
39,448
54.000
39.448
54,000
41,803
Network Team
2.355
2,355
(4.0841
559
861
390
3.054
6,534
11,441
1,139
110
6.534
11.441
1.139
110
2.450
12.000
2.000
500
MINISTRY
Maintenance Reserve
TOTAL COSTS
2.004
2,004
2,000
113,753
95,452
19,004
(695)
OPERATING SURPLUSIDEFICIT
118N22
(11.730)
(95A52) (19,004)
{7,7641
{259}
(7,506)
7,106
(400)
Support from Reserves
Transfer from Mission re CFML
NET SURPUSIDEFICIT
(658)
{259}
# But remember we said we had plans ….
We have reserves set aside and had already agreed to use £7,000 from reserves particularly towards the Children and Families ministry. So….
## **Having used the funds from reserves our final deficit for the year was £658**
# This is a good news story and a testament to the strength of the Kairos family.
We trusted that we could invest in the Children and Families ministry, and we have seen great fruit from it.
What about 2022?
You will remember last year we had a rather confusing and frightening ”faith” figure of £21,000. This year we have changed the way we present the budget.
Last years budget was a bit confusing.....
2022 BUDGET
KAIROS OPERATING FUND
2021 Budggt
63,500
14.605
15,000
12,000
2021 A¢tual
2022 Budggt
76,000
17.100
17,000
16,000
126,100
Varlan¢o
Regular Giving
GiftAid
Res Bikes
Income from Hall
Recurrlng In¢omo
Unplanned giving
One off and other
COO Fundin
GROSS INCOME
Less.. Awa
Givin
64,095
15.838
177501
11,905
1.262
(750}
2,782
15.199
(6,1521
(470)
INCOME
110,901
6.152
1,370
21.000
900
126,105
12,611
113,495
118,422
11,730
106,692
127,000
12,700
114,300
8,578
970
NET INCOME FOR OPERATIONS
7,608
Diocesan Contribution
Other resource base costs
Resource Baso Costs
Gathering and communities
Kidslyouth
Alpha and Training
NeOrk
Minist Costs
Transferto Maintenance Reserve
54,000
41.803
54,000
39.448
60,000
41.613
101613
3.600
13,173
2.000
250
{6,0001
2,165
Network Team
2.450
12,000
2.000
500
6.534
11,441
1.139
110
2,934
{1,732}
18611
140
481
MINISTRY
Malntenance Reserve
TOTAL COSTS
2,004
114,456
113,753
123,636
{9.179)
OPERATING SURPLUSIDEFicrr
(259)
(7,764)
7,106
(658)
(9,336)
(1,5721
7,106
(8,677)
ort from Reserves
Transfer from MiSsn re CFML
NET SURPUSIDEFlCtr
(259)
(9,336>
**We have not budgeted for unplanned giving and show a deficit ….**
## **Major differences between this year actual and 2022 budget …**
Increased regular giving Restored hall income Agreed Diocese increase Increased provision for major maintenance What we need to find this year!
**What are we going to do about the projected shortfall of £9,336 …**
▪ **[INCREASE INCOME: ]**
▪ **[More regular givers ]**
▪ **[Unplanned Giving ]**
▪ **[Promoted (eg: Gift Day) ]** ▪ **[“Bluebirds” ]**
▪ **[Grants ][(but generally for capital not running costs) ]**
## ▪ **[REDUCE EXPENDITURE ]**
▪ **[Running costs ]**
▪ **[Structural change ]**
**So prayer and “do the right thing”**
CAPITAL MATTERS
## **CAPITAL PROJECTS**
## **MAJOR PROJECTS**
▪ **[DOORS]**
▪ **[WINDOWS ]**
## **RECURRING LONG TERM MAINENTANCE PLAN**
▪ **[Contains: ]**
▪ **[Every 3 year items ]**
▪ **[Every 5 year items ]**
▪ **[Every 10 year items ]**
▪ **[Funded by: ]**
▪ **[Annual £3,500 put aside ]**
▪ **[Grants ]**
Finally, I’ve said this before, but I see no reason to change:
_"Now He who supplies seed to the sower and bread for food will supply and multiply your seed for sowing and increase the harvest of your righteousness.” 2 Corinthians 9:10_